ExodusPoint Capital Management LP boosted its stake in W. R. Berkley Co. (NYSE:WRB - Free Report) by 47.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,017 shares of the insurance provider's stock after purchasing an additional 24,207 shares during the quarter. ExodusPoint Capital Management LP's holdings in W. R. Berkley were worth $4,390,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in WRB. Whipplewood Advisors LLC bought a new stake in shares of W. R. Berkley in the 4th quarter valued at about $35,000. Catalyst Capital Advisors LLC bought a new stake in W. R. Berkley in the fourth quarter valued at approximately $42,000. Crowley Wealth Management Inc. acquired a new stake in W. R. Berkley in the fourth quarter worth $59,000. Tortoise Investment Management LLC boosted its position in shares of W. R. Berkley by 69.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,313 shares of the insurance provider's stock worth $77,000 after purchasing an additional 540 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of W. R. Berkley in the 4th quarter valued at $79,000. Institutional investors and hedge funds own 68.82% of the company's stock.
W. R. Berkley Stock Up 2.1 %
NYSE:WRB traded up $1.42 on Friday, hitting $68.53. 2,574,963 shares of the company's stock were exchanged, compared to its average volume of 1,805,574. The company has a market cap of $25.99 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 1.56 and a beta of 0.40. The firm has a 50-day moving average price of $63.78 and a 200-day moving average price of $60.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. W. R. Berkley Co. has a 52 week low of $50.73 and a 52 week high of $76.38.
W. R. Berkley (NYSE:WRB - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The insurance provider reported $1.13 EPS for the quarter, beating the consensus estimate of $0.95 by $0.18. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. As a group, analysts expect that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.
W. R. Berkley Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were paid a $0.08 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.47%. W. R. Berkley's dividend payout ratio is presently 7.34%.
Wall Street Analysts Forecast Growth
WRB has been the topic of several recent analyst reports. Bank of America reiterated a "neutral" rating and set a $74.00 target price (up from $73.00) on shares of W. R. Berkley in a report on Tuesday, April 1st. Keefe, Bruyette & Woods cut their price objective on W. R. Berkley from $64.00 to $62.00 and set a "market perform" rating on the stock in a report on Wednesday. Royal Bank of Canada reissued a "sector perform" rating and set a $63.00 target price on shares of W. R. Berkley in a research note on Tuesday, January 28th. Truist Financial lifted their price target on shares of W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Finally, Barclays increased their price objective on shares of W. R. Berkley from $52.00 to $62.00 and gave the stock an "underweight" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $66.59.
View Our Latest Report on W. R. Berkley
W. R. Berkley Profile
(
Free Report)
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.
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